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Schaeffler India posts strong results despite global headwinds
The company's net profit for Q1 stood at Rs 207 crore, up by 13.2 per cent
Schaeffler reports 3,282 million euros for Q1
Revenue down 9.2 percent at constant-currency due to the coronavirus crisis – EBIT margin before special items at 6.5 percent (prior year 7.5 percent)
Dr. Peter Wittig joins Schaeffler
To head newly established unit Global Affairs Affairs
Schaeffler launches locally made current insulated bearing
Becomes the only bearing manufacturer to develop current insulated bearings locally
Schaeffler completes merger of Indian entities
Merger of INA Bearings India Pvt Ltd and LuK India Pvt Ltd with Schaeffler India Limited completed successfully
Schaeffler to invest Rs.2,000 million in Pune operations
Ground breaking ceremony held for new manufacturing facility at INA Bearings
Continental & Schaeffler add six new premium suppliers
In total, 32 suppliers now meet the strict premium criteria and have their Premium Suppliers status confirmed for the next two years
Schaeffler to sell cylinder head manufacturing unit
Part of its ‘Mobility for tomorrow’ strategy to concentrate on selected core competencies and future fields of development
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